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    PHMSA Home
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    Risk Management Process

    Potential Risk

    Risk Assessment

    • Identification of risk
    • Evaluation of cause, frequence, consequence

    Risk Control and Decision Making

    • Prevention options
    • Mitigation options
    • Risk and benefit/cost analyses
    • Decision making
    • Resource allocation
    • Inputs to program elements

    Performance Measurement

    • Monitoring
    • Performance evaluation

    Feedback to Risk

     
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